Latest & Top Indian Overseas Bank News & Updates
📅 18 April 2026, Saturday
Indian Overseas Bank to sponsor U-14 tennis player Puneeth M
Indian Overseas Bank (IOB) has announced its official sponsorship of Puneeth M, a promising Under-14 tennis player.
📅 26 March 2026, Thursday
Paisalo Digital adds Indian Overseas Bank as its BC
Mumbai: Paisalo Digital Limited announced on Wednesday that it has been appointed as a business correspondent (BC) partner for Indian Overseas Bank (IOB), expanding its Banking-as-a-Service (BaaS) platform that already includes the State Bank of India and Bank of India. The stock closed at ₹34.21 on the NSE on March 25, down 0.26 per cent from the previous close of ₹34.30.
📅 05 March 2026, Thursday
Indian Overseas Bank gets ₹766 crore I-T demand notice
📅 16 Feb 2026, Monday
Indian Overseas Bank expands start-up focused branches to Delhi, Mumbai, Bengaluru
Indian Overseas Bank (IOB), has announced the expansion of its dedicated Start-up Banking Network. The Public Sector Bank has expanded its exclusive start-up focused branches to Delhi, Mumbai and Bengaluru, building on the success of its first branch in Chennai.
📅 15 Jan 2026, Thursday
Indian Overseas Bank quarter 3 profit jumps 56% to Rs 1,365 crore
Indian Overseas Bank (IOB) reported a 56% year-on-year jump in net profit at ₹1,365 crore for the third quarter, extending its ₹1,000-crore-plus quarterly profit run to the fourth straight quarter since March 2025.
📅 17 Dec 2025, Wednesday
Government to sell up to 3% stake in Indian Overseas Bank via OFS, sets floor price at Rs 34/share
The Centre will sell up to 3% stake in the state-run Indian Overseas Bank to raise about Rs 2,000 crore through an offer for sale (OFS) at a floor price of Rs 34/share on Wednesday-Thursday. “Offer for Sale in Indian Overseas Bank (IOB) opens tomorrow for Non-Retail investors. Retail investors can bid on Thursday. Government offers to disinvest 2% equity in the bank with an additional 1% as a green shoe option,” the department of investment and public asset management secretary said in a post on ‘X’.
📅 17 Oct 2025, Friday
‘MCLR-linked loans to account for 54% of our book by year-end,’ Ajay Kumar MD and CEO Indian Overseas Bank
Indian Overseas Bank has reported a ₹1,000-crore-plus profit for the third consecutive quarter. MD and CEO Ajay Kumar Srivastava tells Narayanan V about the key drivers behind this growth, the bank’s shift towards high-margin loans, and its preparedness to meet the expected credit loss (ECL) framework. Excerpts:
📅 03 Oct 2025, Friday
Indian Overseas Bank waives minimum balance charges for savings accounts
Chennai: Public sector Indian Overseas Bank on Wednesday announced a waiver of penal charges for non-maintenance of Minimum Average Balance (MAB) in its savings accounts (public scheme) with immediate effect.
📅 01 Oct 2025, Wednesday
RBI imposes Rs 32 lakh penalty on Indian Overseas Bank
Indian Overseas Bank to waive minimum balance for savings accounts
Chennai: Chennai-based Indian Overseas Bank (IOB) has announced a waiver of penal charges for non-maintenance of Minimum Average Balance (MAB) in its Saving Account (SB-Public), effective from October 1, 2025.
📅 16 Aug 2025, Saturday
Indian Overseas Bank joins hands with Mumbai Metro One for ticketing solutions
SBI, Indian Overseas Bank cut MCLR across tenures
State Bank of India (SBI) and Indian Overseas Bank (IOB) on Friday revised their marginal cost of funds-based lending rate (MCLR) by 5 basis points and 10 basis points, respectively, across all tenures as notified on their websites.
📅 31 July 2025, Thursday
Indian Overseas Bank engages an advisor to help sell over Rs 12k crore NPAs
Indian Overseas Bank reverts to old internet banking after new system fails
📅 21 July 2025, Monday
Indian Overseas Bank confident of maintaining over Rs 1,000 cr net profit in this FY: MD & CEO
📅 19 July 2025, Saturday
Indian Overseas Bank Q1 profit shoots up 76% YoY to Rs 1,111 crore on recoveries, lower provisions
Indian Overseas Bank profit surges 76% as provisions fall, other income improves
The Financial Express
📅 17 July 2025, Thursday
Indian Overseas Bank cuts MCLR by 50 basis points across all tenors
📅 17 Jun 2025, Tuesday
Indian Overseas Bank launches Tamil language PIN generation portal
📅 11 Jun 2025, Wednesday
Indian Overseas Bank launches ''Locate IOB'' initiative
📅 10 Jun 2025, Tuesday
Indian Overseas Bank launches online tool to find branches and ATMs
📅 10 May 2025, Saturday
Rumours of ATM closures 'false', 'unfounded': Indian Overseas Bank
📅 03 May 2025, Saturday
`Deposit costs have likely peaked': Ajay Kumar Srivastava, MD And CEO, Indian Overseas Bank
Indian Overseas Bank has reported a significant improvement in its asset quality for the fourth quarter. MD and CEO Ajay Kumar Srivastava shares the lender's FY26 growth plans with NarayananV.
📅 26 April 2025, Saturday
RBI imposes monetary penalties on Indian Bank, Indian Overseas Bank
📅 14 April 2025, Monday
Indian Overseas Bank reduces Repo Linked Lending Rate by 25 basis points
📅 12 April 2025, Saturday
Indian Overseas Bank cuts repo-linked lending rate by 25 bps
📅 25 March 2025, Tuesday
Indian Overseas Bank issues show cause notice to IL&FS Engineering
📅 10 March 2025, Monday
Indian Overseas Bank unveils Ultra HNI Savings Scheme – Check features and benefits
Chennai-headquartered Indian Overseas Bank (IOB) has introduced a specialized Ultra HNI Savings Bank (SB) Scheme designed exclusively for high-net-worth individuals (HNIs). This premium banking initiative offers three distinct variants viz. IOB SB PRIME, IOB SB PRIORITY, and IOB SB PRIVILEGE, each packed with unique benefits tailored to meet the financial needs of affluent customers.
📅 04 March 2025, Tuesday
Indian Overseas Bank shares slip 4% after receiving Rs 700 cr GST notice
📅 01 March 2025, Saturday
Indian Overseas Bank receives GST notice of ₹699.5 crore, stock down 5% in four sessions
PSU-institutional lender Indian Overseas Bank (IOB) received a ₹699.52 crore goods and service tax (GST) notice from the Chennai State Government, according to an exchange filing on Friday, February 28.
📅 19 Feb 2025, Wednesday
Indian Overseas Bank launches Aadhaar-based account opening, API banking services
📅 06 Feb 2025, Thursday
Indian Overseas Bank shores up management amid branch expansion
📅 24 Jan 2025, Friday
Indian Overseas Bank receives 10 expressions of interests for bad loan sale